MS
Morgan Stanley
MS has the edge over SAMG overall, supported by stronger modeled upside and stronger valuation.
SAMG
Silvercrest Asset Management Group Inc.
SAMG trails on the overall score without a compensating advantage in the available component scores.
MS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MS's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MS.
SAMG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
SAMG's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like SAMG.
MS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $134 | -29% |
| Fair | 14x | $178 | -5.7% |
| Forward | 14x | $189 | — |
| Current | 15x | $189 | — |
| Expensive | 18x | $223 | +18% |
Historical ranges are pointers, not guarantees.
MS has the edge over SAMG in the historical PE scenario, which offers more potential upside but is not a forecast.
SAMG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $1.11 | -90% |
| Fair | 14x | $1.71 | -85% |
| Expensive | 21x | $2.57 | -77% |
| Current | 93x | $11.17 | — |
Historical ranges are pointers, not guarantees.
SAMG's PE is in its expensive range at 93x.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
SAMG Forward outlook
There aren't enough analyst estimates for SAMG to show an outlook.
MS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +6.3% |
| Q3 2026 | $12.60 | +29% |
| Q2 2026 | $12.37 | +40% |
| Q1 2026 | $11.04 | +29% |
| Q4 2025 | $10.21 | +28% |
| Q3 2025 | $9.76 | +48% |
| Q2 2025 | $8.84 | +45% |
| Q1 2025 | $8.53 | +55% |
| Q4 2024 | $7.95 | +53% |
MS has the edge over SAMG on earnings, with more consistent year-over-year improvement.
SAMG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.12 | -83% |
| Q2 2026 | $0.11 | -88% |
| Q1 2026 | $0.30 | -68% |
| Q4 2025 | $0.53 | -48% |
| Q3 2025 | $0.71 | -11% |
| Q2 2025 | $0.88 | -2.2% |
| Q1 2025 | $0.95 | 0% |
| Q4 2024 | $1.01 | +5.2% |
SAMG's earnings per share have fallen from their peak: $0.12 over the past year, against $2.26 in mid-2022.
MS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.3B | +12% |
| Q2 2026 | $21.3B | +27% |
| Q1 2026 | $20.6B | +16% |
| Q4 2025 | $17.9B | +10% |
| Q3 2025 | $18.2B | +18% |
| Q2 2025 | $16.8B | +12% |
| Q1 2025 | $17.7B | +17% |
| Q4 2024 | $16.2B | +26% |
MS has the edge over SAMG on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.2 points |
| Q2 2026 | 34% | +6.9 points |
| Q1 2026 | 34% | +2.8 points |
| Q4 2025 | 32% | +2 points |
| Q3 2025 | 33% | +5.6 points |
| Q2 2025 | 28% | +0.4 points |
| Q1 2025 | 31% | +2.2 points |
| Q4 2024 | 30% | +14 points |
MS has the edge over SAMG on profitability, with a higher operating margin.
SAMG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $32.7M | +4.5% |
| Q2 2026 | $30.8M | +0.4% |
| Q1 2026 | $31.4M | 0% |
| Q4 2025 | $32M | 0% |
| Q3 2025 | $31.3M | +2.9% |
| Q2 2025 | $30.7M | -1% |
| Q1 2025 | $31.4M | +3.7% |
| Q4 2024 | $32M | +12% |
SAMG's revenue grew through 2023 and has held roughly level since: $33M last quarter, up 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.8% | +1.5 points |
| Q2 2026 | 3.1% | -10 points |
| Q1 2026 | 4% | -11 points |
| Q4 2025 | -2.8% | -8.9 points |
| Q3 2025 | 4.3% | -10 points |
| Q2 2025 | 13% | -4 points |
| Q1 2025 | 15% | -4.1 points |
| Q4 2024 | 6.1% | +9.5 points |
SAMG's operating margin was 5.8% last quarter, up 1.5 points from the same quarter a year ago.
MS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$46B | -$42.7B |
| Q2 2026 | -$2.7B | -123% |
| Q1 2026 | -$7.1B | +$16.9B |
| Q4 2025 | -$2.4B | -120% |
| Q3 2025 | -$3.3B | +$14B |
| Q2 2025 | $11.8B | +368% |
| Q1 2025 | -$24B | -650% |
| Q4 2024 | $11.8B | +$29.6B |
MS's free cash flow was −$58.3B over the past year, against −$3.7B the year before. Free cash flow isn't a meaningful measure for financial services companies like MS.
SAMG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10.5M | -24% |
| Q2 2026 | $13.4M | +0.5% |
| Q1 2026 | -$31.3M | -$6.2M |
| Q4 2025 | $12.9M | -19% |
| Q2 2025 | $13.4M | -14% |
| Q1 2025 | -$25.1M | -$425K |
| Q4 2024 | $16M | +13% |
| Q2 2024 | $15.6M | +11% |
SAMG has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
MS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -3M shares |
| 1 year | -1.5% | -24M shares |
| 3 years | -4.7% | -77M shares |
| 5 years | -14% | -246M shares |
| Available history | -4.5% | -74M shares |
MS has 1.6B diluted shares, down 1.5% from a year ago.
SAMG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.7% | +130K shares |
| 1 year | -6.2% | -521K shares |
| 3 years | -16% | -1.5M shares |
| 5 years | -19% | -1.8M shares |
| Available history | -15% | -1.3M shares |
SAMG has the edge over MS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $1.9M |
| Q4 2025 | $7M |
| Q3 2025 | $4.5M |
| Q2 2025 | $15.1M |
| Q1 2025 | $3.9M |
| Q4 2024 | $3.3M |
SAMG spent $9M buying back its own shares over the past year, down 67% from the year before.
MS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 8.2x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 8.4x | High |
| Q2 2025 | 8.7x | High |
| Q1 2025 | 8.7x | High |
| Q4 2024 | 7.9x | High |
MS's net debt is about 7.8 years of its operating earnings (EBITDA), down from 8.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MS.
SAMG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.2x | Net Cash |
| Q2 2026 | -2.2x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -3.4x | Net Cash |
| Q3 2025 | -2.2x | Net Cash |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q1 2024 | -1.7x | Net Cash |
SAMG has the edge over MS on leverage, with a lower net debt burden relative to earnings.
MS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 18.7 | Oversold |
MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).
SAMG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.4 | Neutral |
| Stochastic | 82.3 | Overbought |
SAMG's weekly RSI is 51 (neutral) and its Stochastic is 82 (overbought).
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS has the edge over SAMG on valuation relative to its sector.
SAMG PE vs Financial Services Sector
| Metric | SAMG | Sector median | Relative |
|---|---|---|---|
| PE | 93x | 13x | 615% above |
| PE % | 99 | 63 | 36 pts above |
SAMG is trading at 93x earnings, a 615% premium to the Financial Services sector's median of 13x.
MS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $186.5 | 1.5% above |
| 20 week MA | $203.3 | 6.9% below |
| 50 week MA | $191.9 | 1.4% below |
| 100 week MA | $164.9 | 15% above |
| 200 week MA | $129.3 | 46% above |
MS has the edge over SAMG on trend strength, trading above more of its moving averages.
SAMG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.6 | 5.4% above |
| 20 week MA | $10.3 | 8.2% above |
| 50 week MA | $12.4 | 9.8% below |
| 100 week MA | $14.2 | 21% below |
| 200 week MA | $15.7 | 29% below |
SAMG has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 29% below its 200-week average.
MS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.1 | $68.1 | +33% |
| 2021 | $68.1 | $99.3 | +46% |
| 2022 | $99.3 | $86.1 | -13% |
| 2023 | $86.1 | $93.3 | +8.3% |
| 2024 | $93.3 | $126.8 | +36% |
| 2025 | $126.8 | $181.9 | +43% |
| 2026 YTD | $181.9 | $189.2 | +4% |
MS has the edge over SAMG on returns for 2026, with the stronger performance.
SAMG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.4 | $14.1 | +14% |
| 2021 | $14.1 | $16.7 | +19% |
| 2022 | $16.7 | $18.2 | +8.9% |
| 2023 | $18.2 | $17.0 | -6.5% |
| 2024 | $17.0 | $18.4 | +8.1% |
| 2025 | $18.4 | $15.2 | -17% |
| 2026 YTD | $15.2 | $11.2 | -27% |
SAMG has finished higher in four of the last six years. It's down 27% so far in 2026.